Kurita Water Industries Ltd (KTWIY) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of Kurita Water Industries Ltd stock $51.92, price $88.50, upside -41.3%, quality 61 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 23, 2026.
How to read this chart
60‑month range $3.58 – $122.41 · fair‑value band $35.72 – $74.00 · the $88.50 price screens above the $51.92 fair value. Dashed = 300-day average. As of Oct 23, 2026.
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Kurita Water Industries Ltd., together with its subsidiaries, provides water treatment solutions in Japan, rest of Asia, North and South America, Europe, the Middle East, and Africa. It operates through Electronics Industry and General Industry segments.
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The company offers boiler water, cooling water, and wastewater treatment chemicals; water and wastewater treatment systems; maintenance services; ultrapure water supply; engineering, chemical, and physical cleaning; precision tool cleaning and recycling; operation and maintenance of water treatment facilities; soil and groundwater remediation and survey; and analysis and consigned testing services.
It also manufactures and sells water purifiers, softeners, filtration systems, water purifying faucets, faucets, pure water production equipment, and other products and services for commercial and household use.
The company serves the electronics, pulp and paper, oil refining and petrochemical, iron and steel, automotive, food and beverage, office and commercial facilities, and power industries. Kurita Water Industries Ltd. was incorporated in 1949 and is headquartered in Nakano, Japan.
Stock analysis
Kurita Water Industries Ltd (KTWIY) currently trades at $88.50, while our model-based Fair Value estimate is $51.92, 41.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $85.60 per share, and 5 of the 25 models we run sit above the $88.50 price.
Bear case: the Earnings-Based group reads lowest at $12.94, and 20 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: $35.72 (bear) to $74.00 (bull), the price of $88.50 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kurita Water Industries Ltd reported revenue of ¥403B in FY2026 versus ¥288B in FY2022, a compound +8.7%/yr. Reported net income was ¥16.0B in FY2026, compounding −3.6%/yr from FY2022.
Key figures
Market cap $9.7B Mid · P/E ratio 16.8 · P/S ratio 0.66 · EPS (TTM) $5.28 · Dividend yield 1.9% · Net margin 4.0% · Return on equity 13.6% · Return on assets (EBIT) 7.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −5% fair-value upside, at −41%, KTWIY screens richer than that median.
Fair Value models
Bear$35.72Fair Value $51.92Bull$74.00
Price $88.50 · Upside -41.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then ($2.02 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.71/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.5%
Start year 2021 (pandemic). Over 10 years: +6.5% a year
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.0%
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What shareholders gained per year (last 5 years), in JPY ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in JPY: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−0.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.4%
Dividend (yield on the price)1.9%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 15%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+30.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in JPY, Japan: IMF forecast 2.1% a year to 2030, 1.3% from 2016 to 2025) that is about +27.4% a year for the price and +5.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (5 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Kurita benefits from an expanding international footprint through its European acquisition but faces challenges from modest margins and an average competitive position in treatment controls.
Main risk: The biggest risk is that the European acquisition adds integration costs and complexity, which would hit margins and the overall quality profile.
Kurita Water Industries has agreed to acquire ICL's water treatment and chemicals business in Europe for around 250 million euros. The deal aims to combine Kurita's Asian base with new European customers in industrial water solutions. Our models see the shares as overvalued even as this step targets steadier international growth. Will the integration deliver durable margins or mainly add complexity to an already mixed quality profile?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Pollution & Treatment Controls · 85 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Kurita Water Industries Ltd Fair Value". https://www.fairvalue-calculator.com/stock/KTWIY
Frequently asked questions
Is Kurita Water Industries Ltd (KTWIY) overvalued or undervalued?
As of Oct 23, 2026, our model estimates a fair value of $51.92 versus a price of $88.50, about −41% upside (overvalued).
What is the fair value of KTWIY?
Our model-based fair value for Kurita Water Industries Ltd is $51.92 (as of Oct 23, 2026), built from audited fundamentals. The current price: $88.50.
What is the quality score of KTWIY?
Kurita Water Industries Ltd has a Quality Score of 61/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kurita Water Industries Ltd (KTWIY)?
Our model-based price target is the fair value of $51.92 (as of Oct 23, 2026) from 25 valuation models. Cautious scenario $35.72, optimistic scenario $74.00. It is a calculation from audited fundamentals, not an analyst target.
What is the Kurita Water Industries Ltd stock forecast for 2026?
Our models put fair value at $51.92, about −41% upside versus a price of $88.50 (overvalued). Cautious scenario $35.72, optimistic scenario $74.00. The calculation is refreshed regularly with new filings.
What is the revenue of Kurita Water Industries Ltd (KTWIY)?
Kurita Water Industries Ltd reported trailing-twelve-month revenue of about ¥415B (latest available figure, as of Oct 23, 2026).
Does Kurita Water Industries Ltd pay a dividend?
Kurita Water Industries Ltd currently shows a dividend yield of 1.95% relative to its recent price (as of Oct 23, 2026).
What growth is priced into Kurita Water Industries Ltd (KTWIY)?
For today's price to be fair in a discounted-cash-flow model, Kurita Water Industries Ltd would have to grow free cash flow by +30.1 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.5 % per year. As of Oct 23, 2026.
What discount rate (WACC) does the fair value of KTWIY use?
Our models discount Kurita Water Industries Ltd at 9.6 %: a base by market capitalisation (mid), damped by beta 0.96, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kurita Water Industries Ltd that is +30.1 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Kurita Water Industries Ltd (KTWIY) delivered so far?
Over the past 5 years revenue at Kurita Water Industries Ltd grew +8.5 % a year. The price currently implies +30.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kurita Water Industries Ltd (KTWIY) growing?
The median revenue growth in the sector is +7.5 % a year. That is the yardstick for the growth priced into Kurita Water Industries Ltd (+30.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kurita Water Industries Ltd (KTWIY)?
The free-cash-flow yield on the price is 1.71 %: that much free cash flow Kurita Water Industries Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kurita Water Industries Ltd (KTWIY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kurita Water Industries Ltd it is $51.92 per share (as of Oct 23, 2026), against a price of $88.50. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Kurita Water Industries Ltd stock overvalued or undervalued in 2026?
As of Oct 23, 2026, KTWIY trades above its calculated fair value: price $88.50, fair value $51.92, a gap of about −41% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KTWIY?
No. The price is what the market pays today ($88.50); the fair value is what the company's own numbers justify ($51.92). For Kurita Water Industries Ltd the two are $36.58 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kurita Water Industries Ltd worth?
The market values Kurita Water Industries Ltd at about $9.7B (market capitalisation, as of Oct 23, 2026). Per share that is $88.50; our models calculate a fair value of $51.92 per share.
What do the bullish and bearish scenarios say about KTWIY?
Our models span a range for Kurita Water Industries Ltd: cautious scenario $35.72, base $51.92, optimistic $74.00 per share (as of Oct 23, 2026, price $88.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KTWIY?
Kurita Water Industries Ltd trades at a price-to-earnings ratio of 16.8 (as of Oct 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $51.92 is built from several models across several years. Other multiples: P/B 2.3, P/S 1.9, EV/EBITDA 7.8.
How solid is the balance sheet of Kurita Water Industries Ltd (KTWIY)?
Balance-sheet figures for Kurita Water Industries Ltd (as of Oct 23, 2026): return on equity 13.6%, debt of 0.19 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is KTWIY from its 52-week high?
Kurita Water Industries Ltd trades at $88.50, about 28% below its 52-week high of $122.41 and 22% above the low of $72.64 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of $51.92 is for.
Which stocks are comparable to Kurita Water Industries Ltd?
From the same area (Industrials) we also value Veralto Corporation, Zurn Elkay Water Solutions Corporation, Fujian Longking Co, CECO Environmental Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kurita Water Industries Ltd stock attractive at the current price?
The data as of Oct 23, 2026: price $88.50, calculated fair value $51.92 (−41%), Quality Score 61/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KTWIY calculated?
We run Kurita Water Industries Ltd through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $51.92, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.3 % above its aggregate fair value. Kurita Water Industries Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kurita Water Industries Ltd (KTWIY)?
The closing price on Oct 23, 2026 was $88.50. Our model-based fair value is $51.92, about −41% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kurita Water Industries Ltd right now?
The price sits above even our optimistic bull case ($74.00). The favourable scenario is already priced in. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($35.72 to $74.00) leaves room in how you read the outcome.
Key figures of Kurita Water Industries Ltd
How large is the market capitalisation of Kurita Water Industries Ltd (KTWIY)?
The market capitalisation of Kurita Water Industries Ltd is $9.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kurita Water Industries Ltd (KTWIY)?
The price-to-sales ratio of Kurita Water Industries Ltd is 0.66 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kurita Water Industries Ltd (KTWIY)?
Earnings per share at Kurita Water Industries Ltd are $5.28 (price ÷ EPS = P/E 16.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kurita Water Industries Ltd (KTWIY)?
The dividend yield of Kurita Water Industries Ltd is 1.9% (payout 32.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kurita Water Industries Ltd (KTWIY)?
The net margin of Kurita Water Industries Ltd is 4.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kurita Water Industries Ltd (KTWIY)?
The return on equity (ROE) of Kurita Water Industries Ltd is 13.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kurita Water Industries Ltd (KTWIY)?
On an EBIT basis the return on assets of Kurita Water Industries Ltd is 7.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kurita Water Industries Ltd (KTWIY)?
The operating margin of Kurita Water Industries Ltd is 14.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kurita Water Industries Ltd (KTWIY)?
Revenue at Kurita Water Industries Ltd is growing +14.3% versus a year earlier (3y avg +5.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kurita Water Industries Ltd (KTWIY)?
Earnings per share at Kurita Water Industries Ltd are growing +159% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kurita Water Industries Ltd (KTWIY) carry?
The net debt of Kurita Water Industries Ltd is ¥17.7B (fiscal year 2026, ≈ 0.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 23, 2026